Marshall and Schumpeter on Evolution: Economic Sociology of Capitalist Development

Traditionally it was understood that while Marshall was the synthesizer of neoclassical economics, Schumpeter challenged the dynamic conception of the economy in place of the static structure of economics. While historians of economic thought rarely discuss the work of Alfred Marshall and Joseph Schumpeter jointly, the contributors to this book do exactly this from the perspective of evolutionary thought.

This unique and original work contends that, despite the differences between Marshalli...